Musk struggles to manage businesses; Tesla stock declines

investopedia.com

Tesla CEO Elon Musk stated he is managing his businesses "with great difficulty" due to his involvement in the Trump administration and declining sales. This has impacted Tesla's stock performance. Tesla shares fell over 15% on Monday, closing below their level from Election Day. They have since gained 1.5% in premarket trading. Musk confirmed he plans to continue his role in the Department of Government Efficiency, or DOGE, for another year. Concerns have arisen that this role may distract him from Tesla's operations.


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